Supreme Court Declines BNY's Dispute With Trustee

Law360, New York (October 18, 2010, 1:58 PM EDT) -- The U.S. Supreme Court on Monday refused to hear Bank of New York Mellon Corp.’s challenge to a ruling that cleared the way for the liquidation trustee for Sentinel Management Group Inc. to sue the financial services firm on behalf of Sentinel investors allegedly defrauded of hundreds of millions of dollars.

The high court denied BNY’s petition for a writ of certiorari and let stand a federal appeals court’s finding that Bankruptcy Code restrictions could not stop Sentinel’s liquidation trustee from pursuing a case on behalf...
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